120 Carmelito Avenue

Monterey, CA 93940

$2,800,000
Price
9
Beds
7
Baths
4,389 Sq. Ft.
$638 / Sq. Ft.
4,389
Sq. Ft.
$638
per Sq. Ft.

Description

Unique opportunity to own a two-parcel, multi-unit, estate compound in a central Monterey location. Consisting of two separate and independently parceled contiguous lots: 120 Carmelito Avenue and 942 Munras Avenue, each parcel contains individual improvements. There are 7 units in total, comprised of a 3 bedroom, 2 bath home, a two bedroom unit, 3 one bedroom units, a loft studio unit, and a stand alone commercial office. In addition, there are storage areas, parking and a workshop. The two properties...Unique opportunity to own a two-parcel, multi-unit, estate compound in a central Monterey location. Consisting of two separate and independently parceled contiguous lots: 120 Carmelito Avenue and 942 Munras Avenue, each parcel contains individual improvements. There are 7 units in total, comprised of a 3 bedroom, 2 bath home, a two bedroom unit, 3 one bedroom units, a loft studio unit, and a stand alone commercial office. In addition, there are storage areas, parking and a workshop. The two properties offer a total of approximately 21,000 square feet of land and 5,000 square feet of improvements. Currently, 6 of the units are rented and the property is professionally managed. Owned by the same family for many years, this exceptional property is located within walking distance to downtown Monterey. The two parcels and improvements are being sold in their "As Is" present condition and are being sold together.
  1. Listed by Jim Lowell • DRE #00883474 • Brokerage DRE #01904054 • The Agency • 831-902-0777
  2. Listed by Peter Baird • DRE #00533485 • Brokerage DRE #00533485 • Baird Partnership, Inc.

Property Details for 120 Carmelito Avenue

MLS City Name
MONTEREY
Building Type
Detached
Garage Spaces
1
Parking Spaces
1
Cross Street
Munras Avenue

Location

Listing Courtesy of The Agency, Jim Lowell, DRE #00883474; Baird Partnership, Inc., Peter Baird, DRE #00533485
Add your commute
LISTING UPDATED: 02/10/2024 03:14 AM

Property Details for 120 Carmelito Avenue

StatusActive
MLS #ML81938121
Days on Compass260
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle-Family Homes / Detached
Year Built1900
Lot Size0.39 AC / 17,043 SF
CountyMonterey County

Location

Listing Courtesy of The Agency, Jim Lowell, DRE #00883474; Baird Partnership, Inc., Peter Baird, DRE #00533485
Add your commute

Building Information for 120 Carmelito Avenue

Stories-Year Built1900Building Size-Lot Size0.39 AC / 17,043 SF

Payment Calculator

$16,184 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$903

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 Carmelito Avenue

Features
Room Information
  • Additional Rooms: Office Area, Storage
  • Dining Room: No Formal Dining Room
  • Family Room: No Family Room
  • Number of Full Bathrooms: 7
Features
  • Fireplace: No
  • Living SqFt: 4389
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 1
Garage
  • Garage and Parking: Off-Street Parking, On Street
  • Garage Max: 1
  • Garage Min: 1
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Monte Regio/Peter's Gate
  • Roof: Composition, Shingle
  • Subclass: Single Family Home
  • Year Built Source: Other
  • Street Number: 120
  • Street Name: Carmelito
  • Street Suffix: Avenue
  • Area ID: 113
Lot / Property Details
Building Information
  • Structure SqFt: 4389
  • Structure SqFt Source: Other
  • Age: 123
Development Information
  • Ownership Type: Trust
  • Zoning Detail: CO
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 001-672-019-000
  • County Name: Monterey
  • City Name: MONTEREY
  • City Postal ID: 38
  • Postal Code: 93940
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .39
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No

Property History for 120 Carmelito Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Carmelito Avenue

Taxable ValueLand$516,811Additions$459,386Total$976,197
Tax Record2023$10,840 ($903 / month)
Home Facts
Lot Size17,042 SqFtStyleMiscellaneous CommercialCountyMONTEREYAPN001-672-019-000

Schools near 120 Carmelito Avenue

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Monte Vista
PublicK to 5

International School Of Monterey
CharterK to 8

Monterey High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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120 Carmelito Avenue is a single family home for sale in Monterey, CA 93940. This property was listed for sale on August 11, 2023 by The Agency, it's currently listed at $2,800,000. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include Monte Vista, International School Of Monterey and Monterey High School. 120 Carmelito Avenue is a 9-bed, 7-bath, 4,389 sqft single family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Jim Lowell, DRE #00883474; Baird Partnership, Inc., Peter Baird, DRE #00533485

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.